shansterable, to USpolitics
@shansterable@c.im avatar

"Private equity firms owned more than 20% of the health-care companies that went bankrupt last year. The nonprofit Private Equity Stakeholder Project, which investigates multiple industries, said it spotted at least 17 such bankruptcies in 2023, compared with eight in 2019 and even fewer during the previous three years, marking a 112.5% increase over the last five years."

"There are about 418 rural hospitals at risk of closure, according to a new report from Chartis, a healthcare advisory services firm." https://www.beckershospitalreview.com/finance/418-rural-hospitals-at-risk-of-closure-breakdown-by-state.html

With private equity firms failing to find success in healthcare, and with rural hospitals unable to keep their doors open, now is perfect time for the US government to take the healthcare industry public.

Profit and healthcare don't mix. Scoop up the hospitals and clinics for pennies on the dollar and restore healthcare access to rural areas.

https://www.benefitspro.com/2024/05/23/private-equity-bankruptcies-in-health-care-increased-112-in-2023/

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